A petition has been launched by Unison to compel parliamentary debate on plans to force local government pension funds to invest money in infrastructure projects.
The petition has been signed by 12,000 people so far and aims to caution the government against gambling with council workers’ pensions.
The plans were announced by Chancellor George Osborne in 2015 and will see the assets of 89 pension funds pooled together into six new British Wealth Funds.
Unison maintained that it was not against local government pension schemes (LGPS) being invested in infrastructure. However, it argued decisions should be made by members rather than ministers to ensure the best rate of return.
The petition said: “Government wants powers over LGPS investment funds, but they could gamble away members’ money on infrastructure projects. This is not allowed in any other UK scheme, including the MPs'. The LGPS must be invested in members’ best interests.”
The petition requires 100,000 signatures to be considered for debate in parliament.
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
The government has announced new financial penalties for water companies who commit environmental offences.
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Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.
Bauder marked a major milestone in its UK expansion with the official handover of a brand
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The British Institute of Cleaning Science (BICSc) and the Cleaning & Support Services Association (CSSA) have successfully completed a groundbreaking project aimed at exploring the future of cleaning. This collaboration marks a significant milestone in the cleaning industry, reflecting a shared commitment to embracing innovation with confidence.
The Crown Commercial Service’s (CCS) new framework on Language Services (RM6302), dealing with translation, transcription and interpreting, is live, running from 7th May 2025 to 6th May 2028.
